JL Technical Analysis - J-LONG GROUP LTD-A

Technical Rating and Analysis

Taking everything into account, JL scores 7 out of 10 in our technical rating. JL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

JL is part of the Distributors industry. There are 22 other stocks in this industry. JL outperforms 90% of them.

In the last month JL has a been trading in the 4.09 - 6.98 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, JL did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

JL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JL is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

J-LONG GROUP LTD-A / JL Weekly stock chart

J-LONG GROUP LTD-A / JL Daily stock chart

Setup Rating and Analysis

Although JL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.53

6.88

3 important support areas can be observed.

A support zone ranging from 5.92 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.50 from a trend line in the daily time frame.
Support @3.57 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @6.69 from a horizontal line in the weekly time frame.
Resistance @6.81 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for JL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for JL is up.
ChartMill Relative Strength	87.73	POSITIVE	JL has a high relative strength, it outperformed 87.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of JL is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.39	NEUTRAL	The RSI value for JL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests JL has a positive trend.
Stochastics (14,3)	87.71	OVERBOUGHT	The high Stochastics value suggests JL may be overbought.
Average True Range in percent/ATR (20)	8.96	HIGH VOLATILITY	The high ATR as a percentage value for JL suggests high volalility.
Average Directional Index/ADX (14)	32.18	POSITIVE	The high ADX value value for JL suggests a strong trend.